North America

Official data released on Monday showed that the number of Germans moving to the United States will drop sharply after the second term of Donald Trump. According to preliminary data from the German federal statistics office, between January and September, emigration into the U.S. dropped by 17.8% on an annual basis, to 17,100. The office released a statement saying that departures to the U.S. were at the lowest level since 2021, the year when the pandemic hit. In the same time period, migration from the U.S. into Germany increased by 3.4%. This is the first time that the U.S. has...

Due to a shortage of air traffic controllers, U.S. flights are expected to be "a trickle" as the shutdown continues. Transportation Secretary Sean Duffy made the announcement in comments that were broadcast on Sunday. After a Saturday plagued by thousands of cancellations and delays, major airlines faced a third consecutive day of flight restrictions. The government shutdown has now lasted a record-breaking 40 days. This has caused a shortage of air traffic control officers who, along with other federal employees, are not paid for several weeks. Duffy, on CNN's State of the Union program, said: "It will only get worse......

After a weekend of flight delays caused by a shortage of air traffic controllers, major airlines are preparing for the third day of mandatory government-mandated flight reductions. Federal Aviation Administration has instructed airlines to reduce 4% of flights daily starting Friday in 40 major airports due to safety concerns regarding air traffic control. The record-breaking shutdown has left air traffic controllers, and other federal employees who haven't been paid in weeks, short. The reduction in flight numbers is to be 6% by Tuesday, and 10% by November 14th. The FAA announced on Saturday that there are air traffic control staffing...

U.S. Federal Aviation Administration announced on Friday that it is delaying flights in eight airports, including Atlanta, San Francisco and Houston. The agency cited widespread staffing problems as controllers were not paid during the shutdown. Staffing shortages are reported at 10 different locations in the United States, and could lead to delays at other airports. Separately, the agency required airlines to cancel more than 700 flights or 4% of their flights at 40 airports with high traffic to deal with air traffic control staffing. According to FAA ground delays programs, flights at Reagan Washington National are delayed on average by...

Spirit Airlines announced on Friday that it had reached tentative agreements with the unions representing both its pilots as well as its flight attendants. The tentative agreements would include some contract concessions as Spirit Airlines tries to reduce costs in its ongoing Chapter 11 restructuring. Once a tentative contract is ratified, the airline's senior leadership team will also accept salary reductions of a certain percentage. Earlier this year, the ultra-low-cost-carrier filed for Chapter 11 bankruptcy protection for the second time as it grappled with dwindling cash reserves and mounting losses. Spirit, as part of its cost-cutting program, has reduced the...

U.S. Airlines scrambled on Friday to cut 4% from flights at 40 major US airports, after the government cut air travel by an unprecedented amount citing safety concerns for air traffic control due to a record-breaking government shutdown. Cuts began at 6 am ET (1100 GMT) and include about 700 flights from the four largest carriers - American Airlines, Delta Air Lines, Southwest Airlines and United Airlines. The cuts, which began at 6 a.m. ET (1100 GMT), affect about 700 flights operated by the four biggest carriers, American Airlines, Delta Air Lines and Southwest Airlines. They are expected to increase...

IAG, the owner of British Airways, reported on Friday a slight rise in operating profit in the third quarter. This was in line with expectations, but it highlighted a continuing weakness in their U.S. economy cabin point-of sale offering. The airline is the latest to announce a decline in transatlantic travel since the election of Donald Trump. His policies, which are seen by many as anti-foreigner, anti-trade and anti-trade abroad, have impacted the market. The group, which owns Iberia and Vueling, also said that its passenger load factors - a measure of performance used to evaluate the performance of airlines...

The Australian share market closed Friday at its lowest level in over six weeks, due to a sharp drop in Macquarie shares after the investment bank's top management missed their profit targets. A broader decline in major lenders also contributed to the losses. The S&P/ASX 200 fell 0.7%, to 8,769.70. This is its lowest closing since September 24, and second consecutive weekly loss. Macquarie fell 5.7%, to a six month low. Reporting A first-half loss, impacted by the weakness of its commodities and markets trading businesses. We think that the market knew the risk of missing 1H26 earnings due to...

Senate Democrats in the United States continued to resist an agreement to end the record-long shutdown of federal agencies on Thursday, despite Republican attempts to reverse layoffs and reopen closed agencies. Democrats held their second caucus closed-door meeting in just two days, on the 37th of the longest shutdown in U.S. History. The government shutdown has resulted in the furloughing of 750,000 federal workers, the forcing of thousands to work for free, and the cutting off of food assistance and Head Start subsides for millions of Americans including children. In the coming days, a new pressure point would be created...

The U.S. administration of President Donald Trump announced new deals on Thursday to sell Boeing aircraft to airlines in Central Asian countries Kazakhstan, Tajikistan, and Uzbekistan. The Commerce Department announced that Kazakhstan flag carrier Air Astana intends to purchase up to 15 Boeing 787 Dreamliners in order to modernize and expand its fleet. The C5+1 Summit, which took place in Washington to mark the 10th anniversary diplomatic meeting between the leaders of the five Central Asian Republics and the United States, signed the orders. Air Astana operates three Boeing 767 widebody aircraft that connect Kazakhstan to destinations in Europe, Asia,...

The shares of Grupo Aeromexico, which is backed by Apollo, rose 0.84% on their New York Stock Exchange debut Thursday. This valued the Mexican airline near $2.8 billion nearly four years after it emerged from bankruptcy. The opening price of shares in the company was $19.16, which is just above the $19 issuance price. Aeromexico, along with some of its current shareholders, sold 11,7 million American Depositary Shares in an initial public offer on Thursday. The price was at the midpoint between its advertised range of $18 and $20. This raised $222.8 millions. The listing is part of a rebound...

U.S. Airlines scrambled on Thursday to rejig their schedules and answer a flood customer questions after the U.S. cut flights at some of America's busiest airfields. This was the latest travel disruption caused by the government shutdown. Sean Duffy, Transportation Secretary, said on Wednesday that he would make drastic cuts to the budget due to safety concerns arising from the shutdown of government. This shutdown is the longest ever in U.S. History. It has forced 13,000 air traffic control operators and 50,000 security screening workers to work without pay. Airlines estimate that at least 3,2 million passengers have been affected...

After a deadly crash of a UPS MD-11 freighter in Louisville, Kentucky, the U.S. Federal Aviation Administration issued an order on Saturday prohibiting MD-11 aircraft from flying until further inspection. At least 14 people were killed. UPS and FedEx have grounded their combined fleets of more than fifty McDonnell Douglas MD-11 freighters following a Boeing recommendation. The FAA stated that its emergency airworthiness instruction was prompted after the Tuesday crash in which the left motor and pylon separated from the aircraft during takeoff. The cause of detachment will be investigated. The U.S. regulator stated that "this condition could result in...

UPS announced on Friday that it had grounded its fleet McDonnell Douglas MD-11s. This is the type of aircraft involved in the crash of Tuesday in Louisville, Kentucky which resulted in at least 13 deaths. UPS spokesperson stated in an email that "out of an abundance caution and for the sake of safety, we've made the decision to ground temporarily our MD-11 fleet". The spokesperson said that MD-11s make up about 9% the fleet of the company. The grounding takes effect immediately. NBC News was the first to report on this news. On Tuesday evening, a UPS cargo flight bound...

The National Transportation Safety Board reported on Friday that three UPS pilots were trying to control the cargo plane when a bell went off in the cockpit. This week, a cargo plane crashed in Louisville, Kentucky killing at least thirteen people. Todd Inman, NTSB member, told reporters that UPS flight 2976 began without incident. However, the flight's cockpit voice recorder recorded a bell that repeated 37 seconds after the crew had called for the takeoff thrust. Inman believes that the bell continued to ring until 25 seconds after the recording ended, signaling the crash of the aircraft. Inman stated that...

The National Transportation Safety Board reported on Friday that three UPS pilots were trying to control the cargo plane when a bell went off in the cockpit. This week, a cargo plane crashed in Louisville, Kentucky killing at least thirteen people. Todd Inman, NTSB member, told reporters that UPS flight 2976 began without incident. However, the flight's cockpit voice recorder recorded a bell ringing 37 seconds after the crew had called for the takeoff thrust. Inman believes that the bell continued to ring until 25 seconds after the recording ended, signaling the crash of the aircraft. Inman stated that the...

Safety investigators in the United States said Thursday that they are investigating the maintenance history for a UPS cargo aircraft which was in Texas weeks before it crashed in flames on Tuesday in Louisville, Kentucky. At least 13 people were killed. National Transportation Safety Board said that as the MD-11's left wing rolled down the runway at Louisville Airport, a large plume of smoke erupted and one of three engines detach from this wing. Flight tracking data shows that the plane was parked in San Antonio, Texas from September 3 until October 18. Todd Inman, a member of the NTSB,...

Safety investigators in the United States said Thursday that they are investigating the maintenance history for a UPS cargo aircraft which was in Texas weeks before it crashed in flames on Tuesday in Louisville, Kentucky. At least 12 people were killed. National Transportation Safety Board said that as the MD-11's left wing rolled down the runway at Louisville Airport, a large plume of smoke erupted and one of three engines detach from this wing. Flight tracking data shows that the plane was parked in San Antonio, Texas from September 3 until October 18. Todd Inman, a member of the NTSB,...

Temporary closure of United Parcel Service's sprawling air cargo hub, located in Louisville, Kentucky following a fatal plane crash, will cause delays throughout the global delivery network. The Worldport hub is a hub and spoke model that UPS uses to manage air cargo. It processes millions of packages each day for approximately 360 aircraft, both incoming and departing. On Tuesday night, the company ceased operations at Louisville International Airport after a UPS cargo aircraft crashed, killing nine people including three members of the flight crew. UPS on Wednesday cancelled the Worldport shift from mid-morning until mid-afternoon that deals with Second...

United Parcel Service has halted its cargo sorting operations at Louisville International Airport following the wide-body freighter. burst into flames On Tuesday evening, nine people were killed, including three crewmembers, shortly after the takeoff. The airport has reopened for air traffic and is now home to UPS's biggest package-handling operation. It also serves as a hub for UPS's global air-cargo operations. UPS also expects to resume its cargo operations by Wednesday morning. However, the company has not yet issued an official update. A prolonged closure at the facility known as Worldport could have cascading effects on the U.S. logistic network,...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. A UPS plane crashed near Louisville, Kentucky. At least four people were killed and 11 injured. The number of fatalities is expected to rise. Sunway Healthcare in Malaysia will begin engaging with investors soon ahead of an IPO planned that could raise as much as $1 billion. Bain Capital and Perpetual, an Australian investment manager, are in exclusive discussions about the sale of their $14 billion wealth management business. Donald Trump, the U.S. president, has renominated Jared...

The Federal Aviation Administration reported on Tuesday that a UPS plane crashed shortly after takeoff in Louisville, Kentucky, en route to Honolulu. Local police confirmed the crash and said there were injuries. The FAA released a statement that "UPS Flight 2876 crashed at around 5:15 pm local time, on Tuesday, November 4, after departing the Louisville Muhammad Ali International Airport (Kentucky)", according to the FAA. UPS confirmed that one of its aircraft had been involved in an accident near Louisville, Kentucky. It has not yet confirmed any injuries. UPS Worldport is located at the airport. It's a hub for UPS's...

The global freight forwarder, Expeditors of Washington, reported a third-quarter profit that was above Wall Street expectations on Tuesday. This was due to strong airfreight volume and an increase in demand for their customs brokerage service. Early trading saw the company's stock rise 5%. The tonnage of air freight carried by expeditors increased 4% during the quarter reported, mainly due to shipments from Asia. This was due in part because the previously limited air capacity became more available after the 'de minimis exemption' for goods entering the United States expired. Sources in the industry say that the company also benefits...

This year, industrial companies have experienced a rollercoaster ride as they have tried to adjust their trade policies to those of U.S. president Donald Trump. But this quarter, executives have suggested that confusion is receding, as the corporations have now had more time to adjust higher tariffs on U.S. imported foreign goods. In contrast to the first half, heavy machinery, engine manufacturers and construction firms, which reflect the "real" economy, have been able to navigate the current environment by reducing costs and increasing prices in order offset the tariffs imposed by the Trump administration. Executives say that while there are...